Ripple (XRPZ18) LONG for 50% ROE (Signals, Target, Stop & More)

9 Dis 2018

I will do a LONG trade on Ripple (XRPZ18), low risk (tight stop loss), based on the following signals:

• Inverted hammer.
  
• Volume decreased to a halt. (incoming breakout)
  
• EMA50 working as support.
  
• Very tight stop loss (low risk, high reward).
  
• We also have a falling wedge pattern, which is bullish and hidden bullish divergence.
  
• Target and stop loss on chart.
  

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Thanks a lot for reading.

Namaste.

9 Dis 2018

Nota

Let me add some more to this analysis... This is only for learning and entertainment of course, the price can go either way and that's why we have a stop loss on every single trade... Let's get started.

XRPZ18 4H Analysis:

- After XRP hit its peak on the 20th November, it started to retrace.
- Retrace went as far down as to break below EMA200 (orange) but this was a fake breakout as the price moved back up quickly. Below EMA200 we have EMA300 which is the gray line.
- Now, volume is decreasing with bullish signals building up. EMA200 is the next support and we still have EMA300 above our stop loss.
- So looking at the uptrend, and the bullish signals mentioned before, we have the probability of the break going up.
- For this reason we open for LONG... and in case our trade goes bad, we have a very tight stop loss.

Namaste.

11 Dis 2018

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17 Dis 2018

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More positive.